Jewelers Warn of Ongoing Price Volatility
Gold has made a swift recovery in Pakistan, ending a week-long downward run with fresh gains.
Figures shared by the All Pakistan Gems and Jewelers Association showed that gold per tola rose by Rs 1,500, bringing the new price to Rs 357,700. At the same time, 10 grams of gold became costlier by Rs 1,286, now priced at Rs 306,670.
The recovery aligns with global movements, where the international price of gold increased by $15, hitting $3,350 per ounce.
Read More: Pakistani teen climber conquers Golden Peak in Karakoram
Experts attribute the rise to international investors seeking safe-haven assets amid market uncertainty, a trend that has directly influenced domestic rates.
For local buyers, the sudden increase comes as a setback after a brief relief last week when prices were sliding.
One email a week. No noise.
A single story unwound carefully, plus the few things worth your time. Free, and it stays that way.
